Mortgage interest rates plummeted to new lows this week as the economy felt
\nthe stings of European debt concerns and investors rushed to U.S. Treasurys, a
\nscenario that pushed long-term yields lower.<\/p>\n
The 30-year, fixed-rate mortgage fell to 4.32%, its lowest point this year. The 15-year, FRM decreased to 3.5% from 3.54% a week earlier and 3.92% last The one-year, Treasury-indexed ARM averaged 2.89%, down from 3.02% last week Source: Housingwire.com 8\/11\/11<\/p>\n Frank Nothaft, vice president and chief economist for Freddie Bankrate.com<\/strong> also noted record lows for interest rates, The 30-year, FRM hit 4.46% in Bankrate’s survey, down from 4.54% last week. The 5\/1 ARM inched up from 3.23% to 3.24% based on Bankrate’s analysis.<\/p>\n","protected":false},"excerpt":{"rendered":" Mortgage interest rates plummeted to new lows this week as the economy felt the stings of European debt concerns and investors rushed to U.S. Treasurys, a scenario that pushed long-term yields lower. The 30-year, fixed-rate mortgage fell to 4.32%, its lowest point this year. That’s down from 4.39% last week and 4.44% a year earlier, […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[11,2],"tags":[],"class_list":["post-997","post","type-post","status-publish","format-standard","hentry","category-hollywood-hills-real-estate","category-real-estate-news-tips"],"_links":{"self":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/posts\/997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/comments?post=997"}],"version-history":[{"count":0,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/posts\/997\/revisions"}],"wp:attachment":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/media?parent=997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/categories?post=997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/tags?post=997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThat’s down from 4.39% last week and 4.44% a year earlier, Freddie
\nMac<\/strong> said in its primary mortgage market survey.<\/p>\n
\nyear. In addition, the five-year, Treasury-indexed hybrid, adjustable-rate
\nmortgage hit 3.13%, down from 3.18% last week and 3.56% a year ago.<\/p>\n
\nand 3.53% a year ago.<\/p>\n
\nMac<\/strong>, said mortgage rates eased even further when the Federal
\nReserve Open Market Committee <\/strong>ensured it would keep the federal funds
\nrate low through at least mid-2013 to nurture anemic economic
\ngrowth.<\/p>\n
\nsaying credit rating downgrades to the country, Fannie Mae and Freddie Mac were
\ngood for mortgages and opened “the door to refinancing for homeowners that
\nmissed the chance last year.”<\/p>\n
\nMeanwhile the 15-year, FRM hit 3.61%, down from 3.68%.<\/p>\n